{"data":{"id":"us-ky/krs-65.7705","jurisdiction":"us-ky","citation":"KRS 65.7705","heading":"Note maximums.","body":"No governmental agency shall authorize or issue notes in any one (1) fiscal year which in\nthe aggregate shall exceed seventy-five percent (75%) of:\n(1) In the case of notes payable solely from and secured by a pledge of taxes, the\namount of taxes levied and to be collected for the current fiscal year;\n(2) In the case of notes payable solely from and secured by a pledge of revenues, the\namount of revenues anticipated to be collected during the current fiscal year; and\n(3) In the case of notes payable from and secured by a pledge of taxes and revenues, the\nsum of taxes and revenues anticipated to be collected during the current fiscal year.","path":["KRS Chapter 65"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=23515","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:49:22Z","sha256":"781490500c1e39dd64ba57a097e797d572758aa51418821dba6c795a94083beb","source_id":"us-ky","stale":false,"prev":"us-ky/krs-65.7703","next":"us-ky/krs-65.7707"},"notice":"GroundRules: Original legal text. Not legal advice."}